Aramco bumper bond sale adds to record Gulf debt issuance
Saudi Aramco has started marketing a dollar-denominated bond sale as the world’s biggest oil company joins a slew of new…
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Extension of UAE Central Bank’s support scheme a confidence booster: Bankers
The UAE Central Bank’s pro-business decision to extend the Dh50 billion Zero-Cost Facility, a key ingredient of its acclaimed Dh100…
Dubai’s bilateral trade with Oman surges 8.4% in 2019
Dubai Customs said its bilateral trade with Oman, which is the UAE’s second-largest trading partner in the Gulf region, has…
Cityscape: Investors turn their sights towards UAE’s real estate sector
Favourable bank rates and dropping prices have meant that investors are once more looking to the UAE’s real estate sector,…
World energy supply must be sustainable, says Aramco officer
Any successful vaccine for the coronavirus disease (COVID-19) would rely on the global energy sector for its mass production, said…
Leumi UK completes core banking upgrade with Finastra
Leumi UK has selected Finastra, one of the world’s largest fintechs, to upgrade its core banking systems. For Leumi…
Turkey's Akbank to manage consumer credit portfolio with Fico
Global analytics and decision management provider FICO is providing decision optimization software to manage the growing consumer credit card portfolio…
Qatar National Bank closes syndication of $3.5 billion loan
Qatar National Bank has closed the syndication for its dual-tranche $3.5 billion senior unsecured term loan, the Gulf’s biggest lender…
ACCA and Al Tamimi & Co. sign a formal partnership agreement
ACCA (the Association of Chartered Certified Accountants) and Al Tamimi & Co have signed a formal partnership agreement which signals…
HSBC expects Bahrain to build back better
GCC economies will grow 3.9 per cent year-on-year in 2021, a level not seen since 2015, HSBC economists have said.…
National Bank of Kuwait markets $300mln in Tier 2 bonds – sources
National Bank of Kuwait has given initial price guidance of 2.875% for $300 million in Tier 2 bonds with a…
88% of employees in the UAE don't want to return to pre-pandemic, traditional work paradigms
New global research commissioned by Kaspersky of 8,000 SMB workers across multiple industries has revealed that almost three quarters of…